Foenix Partners

What Foenix Partners does

Foenix Partners is a London-based, FCA-regulated brokerage founded in 2011 that delivers commodity hedging and currency services primarily to UK mid-market businesses with turnovers under £100m — a segment it positions as historically underserved by investment and commercial banks that serve only large multinationals. The company accesses the same oil futures and commodity markets as those banks by aggregating the collective buying power of its clients, enabling it to offer standardised hedging contracts with materially lower minimum trade sizes than incumbents. It operates from 1-3 Worship Street, London, is registered as Foenix Partners Limited (company number 07677978) under FCA firm reference 785907, and is backed by Morningside Holdings, a Hong Kong Stock Exchange-listed investment group.

The product portfolio is built around three proprietary tools. Fuel Lock fixes future fuel, diesel, aviation fuel, and gas prices for 3-36 months by calculating Forward Swap rates from the oil futures marketplace and settling monthly against floating Platts rates. Metal Lock covers ferrous, base, non-ferrous, and precious metals hedging across the supply chain from miners and smelters to manufacturers and end users. Commodity Lock extends to soft commodities (grains, oilseeds, dairy, sugar, cocoa, coffee, cotton, orange juice) and provides an oil-producer variant enabling producers to lock in sale prices. Currency services — conversion, spot/forward contracts, mass payments, and payroll — are delivered through a partnership with Ebury Partners UK Limited, where Foenix acts as Programme Manager.

Revenue is generated through transaction fees on hedging contracts (priced as Platts wholesale cost plus UK fuel duty plus a Foenix fee) and through affiliate economics from the Ebury FX partnership. The go-to-market is sales-led: prospects request personalised quotes via web forms, and deals close via phone (020 7397 3535) and email, supported by industry-specific landing pages targeting haulage, construction, manufacturing, mining, agriculture, retail, food and beverage, environmental services, wholesale building suppliers, and oil producers. Standard terms require a 5% deposit on total GBP notional, held in FCA-segregated client accounts, with monthly settlement cadence. Named customers include WM Armstrong, Gregory Distribution, Go Plant, Mini Clipper LTD, and Ash Waste Services. The company employs 11-50 staff and has not publicly disclosed revenue.

Name

Foenix Partners

Legal name

Foenix Partners Limited

Website

https://foenixpartners.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Foenix Partners is a UK FCA-regulated brokerage providing commodity hedging and currency services to mid-market businesses under £100m turnover. Its proprietary Fuel Lock, Commodity Lock, and Metal Lock tools let clients fix fuel, metals, and soft commodity prices for 3-36 months.

Ownership category

akta.pro rank

Product category

Commodity Hedging Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)

SIC

Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYFSAFADAD

Retail FX/CFD Broker Trading Venues

Financial & Insurance/Financial Exchanges & Market Infrastructure/Foreign Exchange (FX) Trading Venues

SECONDARYBPAMAFAK

Cross-Border & FX Payments Platforms

Business & Public Services/Web, Mobile & Digital Platforms/Payments, Wallets & Digital Banking Platforms

Keywords

• Commodity hedging services
• Fuel price hedging
• Metals hedging solutions
• Currency exchange services
• Risk management brokerage

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Commodity Hedging Services: Revenue generated through facilitating fuel, metals, and commodity hedging contracts. The company accesses the same markets as investment and commercial banks using collective buying power of customers, taking a small percentage as fee. Pricing includes Platts cost, UK fuel duty, and Foenix fees.
2. Currency Services Partnership: Partnership revenue with Ebury Partners UK Limited for providing foreign currency exchange and payment services to clients. Foenix acts as Programme Manager with Ebury providing the actual currency services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Foenix Partners is a UK FCA-registered brokerage that provides commodity hedging and currency solutions to mid-market businesses (turnovers under £100m). Through its proprietary Fuel Lock, Commodity Lock and Metal Lock tools, the firm enables clients to fix prices for fuel, metals, and soft commodities for periods of 3–36 months by accessing the oil futures marketplace via collective buying power, without requiring clients to change existing suppliers. Currency conversion and FX execution services are delivered in partnership with Ebury Partners UK Limited.

Product overview

Foenix Partners offers an integrated commodity hedging and currency solutions platform built around its proprietary Commodity Lock toolset. The core offering consists of Fuel Lock (for fuel/diesel/aviation/gas hedging), Metal Lock (for ferrous, base, non-ferrous, and precious metals hedging), and broader Commodity Lock services covering agricultural and soft commodities. The company also provides currency services through a partnership with Ebury Partners UK Limited. These tools enable UK businesses with turnovers under £100m to access hedging solutions previously reserved for large multinationals, allowing them to fix commodity prices for 3-36 months without changing existing supplier relationships.

Differentiator

Problem solved

Functional benefit

Brands

• Fuel Lock: A specialist hedging tool offering UK companies budget security by fixing future fuel prices without changing suppliers.
• Commodity Lock
• Metal Lock

Products and services

• Fuel Lock Proprietary hedging tool that lets UK companies fix future fuel, gas, diesel or aviation fuel prices for 3–36 months without changing their existing suppliers. Calculates Forward Swap rates from the oil futures marketplace and settles monthly based on the difference between the agreed fixed rate and the floating Platts rate.
• Commodity Lock Specialist multi-commodity hedging tool that enables UK companies with turnovers under £100m to fix prices for fuel, metals, oil and soft commodities for 3–36 months without changing current contracts, providing budget security previously reserved for large multinationals.
• Metal Lock Hedging solution covering ferrous, base, non-ferrous and precious metals for the entire metals supply chain from miners and smelters to manufacturers and end users.
• Currency Services Currency conversion and FX strategy services delivered through traditional dealing, automated FX execution and settlement solutions. Provided to Foenix clients via a partnership with Ebury Partners UK Limited (FCA register no. 900797), with Foenix acting as Programme Manager.
• Oil Producer Hedging Hedging solution that uses Commodity Lock to allow oil producers to secure the price at which they sell oil for 3–36 months, replacing complex and slow traditional hedging strategies.
• Agricultural & Soft Commodity Hedging Hedging solutions for agricultural commodities including grains, oilseeds, dairy and soft commodities such as sugar, cocoa, coffee, cotton and orange juice, offering bespoke risk management previously reserved for multinational operations.

Quantifiable outcome

• Mini Clippers was reimbursed 4.89ppl when fuel prices increased, hedging 50% of fuel requirement
• +2 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Ebury Partners UK LimitedcoreStrategic or Co-development PartnerEbury Partners UK Limited provides payment and foreign currency exchange services as Foenix's Programme Manager partner. Ebury is an Authorised Electronic Money Institution regulated by the FCA (Financial Services Register No. 900797). Foenix Partner Limited acts as Programme Manager, enabling clients to access currency conversion, spot and forward contracts, mass payments, and payroll solutions through Ebury's platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ebury Partners: UK-based FCA-regulated cross-border payments and FX brokerage serving SMBs and mid-market businesses. Direct strategic partner of Foenix and operates in the same FX-for-businesses segment via traditional dealing, mass payments, and currency strategy services.
• Moneycorp: UK-headquartered FX and international payments provider serving both individuals and businesses with currency conversion, spot/forward contracts, and mass payments — directly comparable to Foenix's currency services line and mid-market business focus.
• Kantox: FX risk management and currency hedging platform purpose-built for SMBs and mid-market companies. Closely aligned with Foenix's value proposition of bringing previously enterprise-only FX and hedging tools to smaller businesses.
• Cambridge Global Payments: FX risk management and international payments provider for mid-market businesses (part of MUFG). Directly comparable in providing FX hedging and payment solutions to similar mid-market customer profiles.

Broad incumbents

• OFX: Global cross-border payments and FX risk-management provider serving businesses and individuals. Comparable as a larger-scale FX/payments operator with hedging-adjacent services addressing similar mid-market business customers.
• WorldFirst: Cross-border payments and FX services for SMBs and enterprises (part of Ant Group). Comparable overlap in currency services for businesses and mid-market segment focus.
• Wise: Global cross-border payments platform with significant mid-market and SMB penetration. Comparable as a payments/FX provider to businesses, though positioned more as a transactional payments company than a hedging broker.
• Western Union Business Solutions: FX and cross-border payments business serving SMBs and mid-market companies with currency hedging and international payment solutions. Overlaps with Foenix's currency services line and target customer base.
• Marex: Global commodity broker providing execution, hedging and market-making across energy, metals, and agricultural markets. Comparable as a commodity-derivatives broker, though positioned more toward larger institutional and commercial clients.
• StoneX: Global financial services firm (formerly INTL FCStone) providing commodity trading, FX, and payments services to commercial and institutional clients. Comparable in commodity-derivative intermediation and FX risk-management offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/foenixpartners
• Facebookfacebook.com/foenixpartners
• LinkedInlinkedin.com/company/foenix-partners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foenix Partners